The Growth and Human Capital Structure of New Firms over the Business Cycle

Konferenzbeitrag

Recent research based on aggregate data suggests that employment in young firms is more negatively impacted during economic crises than employment in incumbent firms. Using firm-level data, we show that under constant human capital of the firms' founders, employment growth in less than 1 1/2-year-old start-ups reacts countercyclically and employment growth in older start-ups reacts procyclically. The young start-ups realize their countercyclical growth by hiring qualified labor market entrants.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Organizations and Firms I ; No. A12-V2

Classification and Topics

• Classification: Wirtschaft ; Business Fluctuations; Cycles ; Labor Demand ; Entrepreneurship ; New Firms; Startups ; Firm Performance: Size, Diversification, and Scope ; Production, Pricing, and Market Structure; Size Distribution of Firms ; Firm Behavior: Empirical Analysis

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Murmann, Martin
• Event: Veröffentlichung
• (who): ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Kiel, Hamburg
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/168290
• Last update: 10.03.2025, 11:42 AM CET